The following accounts are found in the trial balance of Dawn Corporation as December 31, 2019. Authorized Ordinary share capital, P 100 par P1,000,000; Unissued Ordinary share capital P300,000; Subscribed Ordinary share P200,000; Ordinary share subscription receivable P100,000; Ordinary share premium P70,000. The total number of shares issued is _____.  Using data above, the total number of shares still available for subscription is ______.

Q: On December 31, 2021, the statement of financial position of FRUITS Company showed the following…

A: Preference shares-Cumulative  These are the shareholders  having  right to receive dividends  if…

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A: IFRS 9 pertains to classification  and measurement of financial assets. IFRS 9 covers financial…

Q: On December 18, 2020, UNO Corporation issued 5,250 ordinary shares, par P30 for P58 per share. At…

A: Paid in capital in excess of par = Issue price per share - Par value per share = P58 per share - P30…

Q: See the attached image for information: a. How many treasury shares are held by the corporation as…

A: Following worksheet is prepared for calculation of required information:    Date   Ordinary…

Q: ABC Company was incorporated on January 1,2021. The following are the ordinary share transactions…

A: Shares outstanding on Feb. 2 = 60,000 Shares outstanding on June 1 = 60,000 - 5,000 = 55,000

Q: 1. What is the total share premium to be reported in the December 31, 2021 Statement of Financial…

A: Preference shares are given by an organization to raise fund. Preference investor has particular…

Q: Using the following, how many shares were outstanding? * On January 1, 2021, the statement of…

A: The maximum number of shares which can be issued by a company is referred to as the Authorized…

Q: PROBLEM 1: You were assigned to audit the shareholders' equity of Glory Inc. for the year ended…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

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A: Stockholder's Equity -Stockholder's Equity includes the amount contributed by shareholders issued in…

Q: On September 3, 2021, Mirabel Corporation issued for cash 15,000 shares of no-par ordinary shares…

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Q: TROPA Inc. was incorporated on January 1, 2020, Information about its authorized shares is shown…

A: Computation of the amount of total shareholders equity as of December 31 2020 is :

Q: andley Inc. had 30,700 common shares on January 1, 2021. On May 1, 2,640 common shares were…

A: Common shares issued = Beginning common shares - Shares retired + Shares issued

Q: Based on the following information, you are required to prepare the following: a) Adjusting entries…

A: Here given the details of the accounting of treasury stock and its effect in the equity statement as…

Q: Prepare all the required journal entries to record these transactions.

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Q: On December 31, 2021, WHITE Company reports the following amounts in its shareholders' equity…

A: The book value per share is calculated as shareholders' equity divided by number of issued and…

Q: 30. The market price of each ordinary share is 27 on October 1, 24 pesos on October 30 and 35 pesos…

A: Journal entry: Journal entry is the book of original entry where first transactions are recorded in…

Q: On January 1, 2020, Addy Company had 110,000 shares issued and 100,000 shares outstanding. The…

A: No. of shares issued before share split = No. of shares issued on  January 1, 2020 + shares issued…

Q: Paris Co. has a December 31 year-end date. Data for 2021 shows: • There were 60,000, $3, cumulative…

A: Number of common shares Common shares as on January 1 370000 Shares issued 60000 Less; shares…

Q: Prepare the following ledger accounts to record the transaction in the books of Rose Bhd: (i)…

A: The ledger accounts are prepared as transactions posted from journal.

Q: 1.Prepare memorandum entries to record the foregoing transactions. 2.Prepare the Shareholder’s…

A: Shareholder’s equity is the amount representing finance raised by the company through issuance of…

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Q: Answer the following:a. On July 6, Omanair Corporation issued 4,500 ordinary shares with a RO 7.50…

A: Journalize the issuance of shares as follows : 4,500 ordinary shares are issued at the RO 7.50 par…

Q: Below are the accounts shown in the December 31, 2020 trial balance of ABC Corporation: Preference…

A: Preference shares (40,000 x P50) = P2,000,000 Ordinary shares (50,000 x P100) = P5,000,000

Q: Dakota Corporation had the following shareholders' equity account balances at December 31, 2018:…

A: Common stock- Individuals who own common stock have a claim on profits (dividends) and the ability…

Q: The following accounts are found in the trial balance of Dawn Corporation as December 31, 2019.…

A: Authorized share capital means the amount which the company can legally issued. Issued share capital…

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A: We are given an extract of shareholder's equity from the statement of financial position of Rudolph…

Q: ABC Company was incorporated on January 1,2021. The following are the ordinary share transactions…

A: No. of shares outstanding = Total no. of shares issued - number of shares reacquired but not retired

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.